Aberdeen Property Investors has signed an agreement with Gamla SEB Trygg Liv, part of Swedish SEB bank, regarding the property asset management of their property portfolio in Sweden. Aberdeen won the mandate in a competitive tender.
Aberdeen Property Investors has signed an agreement with Gamla SEB Trygg Liv, part of Swedish SEB bank, regarding the property asset management of their property portfolio in Sweden. Aberdeen won the mandate in a competitive tender.
The portfolio has a market value of EUR 1.4 bn and consists mainly of offices with elements of retail in Stockholm inner city, and properties in Gothenburg, Uppsala, Malmo and Helsingborg. The portfolio comprises 72 properties in total with an area of approximately 525,000 m2.
Aberdeen Property Investors' mandate for Gamla SEB Trygg Liv starts at the beginning of 2010. The Gamla SEB Trygg Liv mandate will more than double Aberdeen Property Investors' property assets under management in the Swedish market. The company now manages approximately EUR 3.1 bn of assets through property funds and separate account mandates for institutional clients.
